The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-04
CONDITION OF THE MARKETS
The Visible Supply Statement Gives
Wheat a Decidedly Black Eye.
A Uniform Decline in All 0ptions-The Gen.
eral Tendency Of Corn Downward-Provis-
ions Unsettled, but Fair Business.
MONEY, BONDS AND STOCKS.

Raid the Whole List-Western Union
the Only Strong Point.
NEW YORK, Oct. 3.-Monsy on call was
Easy at 5 to per cent, the last loan being
made at per cent; closed at per cent. bid.
Prime mercantile paper. 81 0Sl per cent
Sterling exchange dull but steady, at
a. 7ea for sixty-days and 81 s3a for demand.
The total sales Of stocks to-day $4,000
shares, including Canada Southern, $3.50;
Delaware, Lackawanna g. Western, 1880; Erie,
Ii. $50; Lake Shore, ,006; Louisville & Nashville,
5,110; Missouri Pacific, 5.s57; Northwestern,
46O5; New Jersey Central. 5.040; Oregon Trans.
continental, 3, l00 Pacific Mail. 4,210; Reading.
IS. $50; St. Paul. &c 620; Texas Pacific, 4.220;
Western Union, 90, $50.
The stock market was fairly active. but weak
throughout, to-day, and material declines were
made all the list The besr party was
again active and aggressive, and while their OPP
ponents were disposed to support prices, the
manipulation for n declins had full swing. Ad-
vantage was taken of the unfavorable rumors
in regard to the grangers. chief among which was
the story that treasury stock of tho Northwest
ern was being sold. to which were added the in
fuencs of tns decreasing earnings OF the St
Paul and the rate troubles In tho Northwest.
These, beside, furnished a a. pretsxs
number of the most active stocks
were forced down from l to points. Western
Union was the only strong spot in the market
sone time during the forenoon. It's special firm
ness was duo to the continued circulation of
stories in regard to the requirement. OF the Bal
timors e. Ohio telegraph systsm. The persistent
attacks of the raiders. however, wiped out most
Of its early gains before the close. The opening
was weak. at declines of from to : per cent.
from Saturdays final figures and while Western
Union was decidedly strong, the remainder of
the list was quito irregular and soon became
weak. New England showed considerable
strength in the forenoon, and losses in
the general list kept down to
fractions in the afternoon, when the weakness
displayed by Richmond 81 West Point was the
signal for a general decline. The attack was es-
pecially heavy upsn St Paul during the last
hour and most of the less was made at that
time The close was quiet but weak at or near
the lowest prices of tine day Everything except
Western Union, which is up I. 10 lever tonight,
and St. Paul Ia down Il, Northwestern and
Richmond & West Point 24 each, San Fran
cisco preferred and Omaha II each, Jersey Cen
trail and Canada Southern Il each, New Eng
land liz, Texas Pacific. Pacific Mail, Lackawanna
and Erie Ii each, Norfolk & Western preferred L.
and orhsrs smaller amounts.
Railroad bonds dull and rather firm in
the forenoon. but heavy to weak later in the
day. Sales, $749. ZOO. Closing prices show small.
irregular changes.
Government bonds were dull and without
change State bonds we're little more ami
mated and firm. The closing prices were
follows: